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Lessons From Raising $2.5m in Venture Capital

Updated: Sep 12, 2023

David "Teddy" Owen

Varun Bhanot is the Co-founder & CEO of MAGIC AI.

MAGIC is the UK's first AI Personal Trainer and was founded in 2021 in the South East. After an extensive period of R&D, MAGIC announced their $2.5m venture capital round in July 2023 led by Fasanara Capital.

Angel investors into MAGIC also include the CEOs/Senior executives from Spotify, Stripe, Tough Mudder, Facebook, Citigroup, as well as the founders of major British success stories including Citymapper, OLIO, Beamery, Heights, Humanity and Signal AI.

Here’s a glimpse of what you’ll learn:

  • The Odyssey of Building a Complex Product

  • Cracking the Code for Product Validation: Finding the First 50 Customers

  • Navigating the Funding Landscape

  • Journey to the Heart of Manufacturing in China

  • Why Retail is Such an Important Channel For Them

  • The Intricacies of Paid Ads and Extended Consideration Periods

  • Influencers and Ambassadors in the MAGIC AI Universe

Resources mentioned in this episode:

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This episode is brought to you by BSR Digital.

BSR Digital helps e-commerce brands that want to scale their business to the next level through paid ads & email marketing.

To learn more about BSR Digital, visit their website or book a call here.


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